Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0378%/8h= −41.4% APRpaid last 24h −0.153%

Price spread now: Deribit against edgeX+0.044%75s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.044% dearer against edgeX than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EWYUSDC	187.10	0.0663	pay 0.0331% / 4h	46m 12s	$419K	$285K	20x
Short	Deribit EWY_USDC-PERPETUAL	187.18	0.0285	get 0.0036% / 1h	46m 12s	$2K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee DeribitbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$79.43
Price spread: +0.044% → 0.000%: $4.41
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$91.02
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 57 min ago; Deribit: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 57 min ago	5.32 bp	10.0 bp −$10	14.4 bp −$144	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EWY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget EWYUSDT	−0.0410%	8h	187.30	+0.108%	$2.8M	$2.4M	20x	as long as short
Hotstuff EWY-PERP	−0.0264%	1h	187.16	+0.033%	$28K	$12K	20x	as long as short
BloFin EWY-USDT	−0.0017%	8h	187.37	+0.146%	$48K	$217K	50x	as long as short
Aster EWYUSDT	0.0000%	8h	187.25	+0.082%	$290K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	187.21	+0.059%	$238K	$876K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	187.25	+0.082%	$27.3M	$82.5M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	187.27	+0.092%	$4.9M	$4.9M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	187.16	+0.033%	$4.1M	$4.7M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	187.27	+0.092%	$4.0M	$4.3M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	187.24	+0.076%	$8.5M	$4.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWY	0.0000%	8h	187.06	−0.021%	$1.2M	$1.1M	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	187.12	+0.012%	$739K	$417K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	187.23	+0.071%	—	$2.4M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	187.36	+0.140%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	187.26	+0.087%	$1.7M	$37K	10x	as long as short
Vest EWY-USD-PERP	+0.0008%	1h	186.87	−0.122%	—	$220K	25x	as long as short
Lighter EWY	+0.0032%	1h	187.06	−0.020%	$379K	$40K	20x	as long as short
Popdex EWYUSDT	+0.0048%	1h	187.29	+0.103%	$198K	$153K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	187.04	−0.031%	$6.3M	$14.3M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	187.11	+0.007%	$142K	$119K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	187.06	−0.020%	$4K	$141	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	187.19	+0.049%	$755	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	186.91	−0.100%	$223K	$332K	10x	as long as short
Coinbase International EWY-PERP-INTX	+0.0056%	1h	187.24	+0.076%	$520K	$251K	20x	as long as short
Paradex EWY-USD-PERP	+0.0059%	8h	187.31	+0.113%	$22	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	186.97	−0.068%	$962K	$599K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	187.17	+0.039%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	187.23	+0.071%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUALshort	+0.0285%	1h	187.18	+0.044%	$2K	$14K	20x
edgeX EWYUSDClong	+0.0663%	4h	187.10	long leg	$419K	$285K	20x